BHP Group (LON:BHP) Upgraded to “Hold” at Berenberg Bank

Berenberg Bank upgraded shares of BHP Group (LON:BHP) to a hold rating in a research note issued to investors on Thursday,London Stock Exchange reports. Berenberg Bank currently has GBX 2,500 target price on the stock, down from their previous target price of GBX 2,600.

Separately, JPMorgan Chase & Co. boosted their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average price target of GBX 2,266.67.

BHP Group Price Performance

BHP stock opened at GBX 2,760 on Thursday. The firm’s 50-day moving average is GBX 2,692.12 and its two-hundred day moving average is GBX 2,345.32. The company has a market capitalization of £140.16 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of -0.78 and a beta of 0.74. BHP Group has a 52 week low of GBX 1,559.50 and a 52 week high of GBX 3,079. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.